Michael London - Page 11

                                                - 11 -                                                  
                      On June 30, 1993, the District Court gave Mr. London                              
               the following sentence for all of the offenses on which he                               
               was convicted:                                                                           

                            The defendant is hereby committed to the                                    
                      custody of the United States Bureau of Prisons                                    
                      to be imprisoned for a term of 188 months on                                      
                      counts 1 & 2, 5-16, 44, 45 & 47 to be served                                      
                      concurrently with each other; 96 months on                                        
                      counts 17, 18, 21, 23, 25, 26, 29, 32, 34, 35,                                    
                      37 & 40 to be served concurrently with each                                       
                      other and with counts 1 & 2; 48 months on count                                   
                      51, to be served concurrently with counts 1 & 2.                                  
                            The defendant is remanded to the custody of                                 
                      the United States marshal.                                                        

               The District Court fined him $500,000 on counts 5 through                                
               16 for money laundering.  On the same day, the District                                  
               Court also entered an Order of Forfeiture under which it                                 
               gave the United States title to an additional $865,000                                   
               which Mr. London had agreed to forfeit.  The District Court                              
               entered judgment against Mr. London for his criminal                                     
               offenses on July 7, 1993.  This judgment was affirmed by                                 
               the U.S. Court of Appeals for the First Circuit, United                                  
               States v. London, 66 F.3d 1227 (1st Cir. 1995).                                          













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